The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. According to local media outlets, Bayo Onanuga, the special adviser to the Nigerian president, accused the exchange of profiting from facilitating illegal transactions in the African country, leading to significant losses for the nation. Onanuga sees the proposed fine as
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The Wall Street Memes community recently experienced a surge in excitement following a major burn event that resulted in the incineration of 5% of the $WSM token supply. Additionally, the announcement of a massive $1 million $WSM airdrop by WSM Casino added to the euphoria among participants. Season One of the WSM Casino airdrop is
In the year 2024, the cryptocurrency market has witnessed a significant surge in the performance of AI-related coins. These coins have shown remarkable growth, with a combined returns increase of 76% since the beginning of the year. The Artificial Intelligence (AI) coins market saw a 7% rise today alone, pushing the total market cap to
In recent times, Shiba Inu has witnessed a significant surge in its price, with a staggering increase of +20% in trading volumes reaching a whopping $2Bn. The recent developments in the Shiba Inu ecosystem include the integration of an additional privacy layer on top of Shibarium L2, which has been welcomed with enthusiasm by the
The recent reports indicating a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have sent shockwaves through the market. With only about 40 BTC reportedly available for sale at one point, this scarcity has raised concerns and sparked discussions within the crypto community. Noted figures like Caitlin Long and Samuel Andrew
Cardano (ADA) has made headlines recently with a significant price breakout, reaching $0.710 on Thursday for the first time since May 2022. This marks a pivotal moment for ADA as it emerges from a prolonged consolidation phase that has spanned the latter part of 2023 and the initial month of 2024. The recent surge in
MixMob, a gaming platform based on the Solana blockchain, has recently announced its partnership with Shepperton Design Studios and original Star Wars prop maker, Andrew Ainsworth. This collaboration brings the iconic Stormtrooper character to life in their game Racer 1, marking a significant milestone for MixMob. What sets this partnership apart is the fact that
Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has reached a settlement with New York regulators to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program. The agreement also includes a $40 million contribution to Genesis Global Capital’s bankruptcy proceedings and a $37 million fine to the New
Justin Sun, the co-founder of Tron, a popular smart contracting platform for deploying decentralized applications (dapps), has once again caught the attention of the crypto community by making significant moves in the market. According to Lookonchain data, Sun recently transferred a whopping 100 million USDT to Binance, following other large transactions earlier in the week.
Bitcoin, often considered the gold standard of cryptocurrencies, has long been criticized for its lack of scalability. With a paltry transaction processing speed of just seven transactions per second in comparison to Visa’s 24,000, the network struggled to handle large transaction volumes. Additionally, the absence of support for smart contracts meant that Bitcoin lagged behind
Hunter Horsley, the CEO of Bitwise, has recently made a bold prediction about the future of Bitcoin. He believes that the cryptocurrency has the potential to reach $250,000, which is more than four times its current price of $62,000. Horsley is highly optimistic about Bitcoin’s bullish outlook and foresees that it could rival gold in
Gaming enthusiasts around the world have long been immersed in the world of trading card games, with popular titles like Hearthstone and Magic: The Gathering dominating the scene. However, a new contender has entered the arena – Parallel. This NFT trading card game sets itself apart from the competition with its unique gameplay elements and
Ripple recently announced a partnership with the Axelar Foundation to enhance interoperability within the XRP Ledger (XRPL) blockchain. The collaboration aims to focus on advancing the tokenization of real-world assets (RWAs) while strengthening the DeFi ecosystem on layer 1. By integrating the Axelar network with the XRPL, developers will have access to the platform’s native
The recent surge in the price of Bitcoin, with it surpassing $61,000 for the first time since November 2021, has reignited the interest of risk-seeking crypto investors in altcoins. Altcoin markets are also experiencing a pump, as investors look for the next big meme coin to buy. The rally of Bitcoin has been driven by